RNW
ReNew Energy Global Plc

ReNew Energy Global PlcRNW

Utilities · Utilities - Renewable
6.84USD
+0.00%
Sep 24, 2026
RNW overview ready
Developer, owner and operator of utility-scale renewable generation and increasingly integrated solar-manufacturing and storage capacity in India.
Narrative is still early
Exposed to the India Clean-Power Buildout narrative through Indian Renewable IPPs, Hybrid Generation and Firm Green-Power Procurement — pure play.
No clear price read
Longer-term context reads early trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of the strength of its balance sheet.
Unremarkable fundamentals
Primary risk
Regulatory changes impacting renewable energy incentives.
Market Sep 23Price action Sep 23Research Sep 18

Conviction Level

NarrativeHeat5.6ThemeHeat7.1PriceAction9.1Valuation0.3CompanyPosition9.3
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$1.7B
Avg Volume (60D)
2.6M
60 sessions
Revenue Growth YoY
+14.1%
Trailing twelve months
Gross Margin
+56.5%
Trailing twelve months
Operating Margin
+42.0%
Trailing twelve months
Distance from 200DMA
+17.0%
Next Earnings
2026-11-09
P/E
20.7x
EV / Sales
4.5x
Market metrics as of Sep 23, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
ReNew Energy Global Plc has an Expensive valuation stance because the price embeds expectations that run ahead of the strength of its balance sheet. It trades at 4.5x revenue, which requires sustained delivery to be justified.

Company Research

Thesis
Developer, owner and operator of utility-scale renewable generation and increasingly integrated solar-manufacturing and storage capacity in India. RNW is a direct operator and developer of Indian renewable-power assets rather than a peripheral supplier to the sector.
Opportunity
Moderate opportunity
India's rising electricity demand, renewable-capacity targets, competitive utility tenders and corporate procurement are driving investment in utility-scale solar, wind, hybrid projects, storage-backed supply and long-term clean-power contracts.
Key risk
Regulatory changes impacting renewable energy incentives.

Narrative & Theme

India Clean-Power Buildout
Part of Indian Renewable IPPs, Hybrid Generation and Firm Green-Power Procurement, with strong fit.
RNW is a direct operator and developer of Indian renewable-power assets rather than a peripheral supplier to the sector.
Narrative HeatNeutral5.6 / 10
Theme HeatHeating up7.1 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Utilities · Utilities - Renewable
What they do

ReNew Energy Global Plc develops, owns, and operates utility-scale wind and solar power projects in India, and manufactures power equipment. It also provides operation and maintenance, consultancy, and software services related to renewable energy.

How it earns

The company generates revenue primarily through the sale of renewable power and manufacturing of power equipment on a project and transactional basis.

Products & services
Utility-scale wind and solar energy projects
Corporate wind and solar energy projects
Operation and maintenance services
Consultancy services
Solar modules and related products manufacturing
Software services
Customers & end markets
Utility companies
Corporate clients
Government and regulatory bodies
Market position

ReNew Energy Global Plc is a leading player in the Indian renewable energy sector with a diversified portfolio across wind and solar power.

Demand drivers
Medium cyclicality

Demand for renewable energy is influenced by regulatory policies and capital investment cycles.